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Financial and Retirement Services

When we recognize innovation, we like to share it.

From highlighting trends in fixed income returns to redefining risk in healthcare portfolios, the Institutional Investment & Fiduciary Services team of Arthur J. Gallagher & Co. shares its knowledge and insight with you. As an experienced business advisor, we arm you with information to ensure your decision making can be well-informed.

The role of the independent fiduciary has evolved greatly over the last several years. The combination of Madoff-type scandals and the perpetration of other fraud involving pension plans, resulted in increased investment regulation. As a result, independent fiduciaries are being utilized more frequently to mitigate legal risk. How can independent fiduciaries help plan fiduciaries?

In spite of 2017 delivering record losses to the insurance industry, the anticipated rate increases did not materialize in 2018. The greatest increases were given to those catastrophe-exposed risks and large layered and shared programs that suffered severe hurricane losses and/or had a high degree of attritional losses. Those with favorable loss history or low exposure to catastrophic loss events saw modest rate increases in the mid-to high-single digits.

Fiduciary Liability renewals were stable in 2018, and this coverage line continues to be the least affected in Management Liability. There have been sizable fiduciary liability settlements in the past 24 months that are noteworthy. We anticipate a minor impact in the market condition as markets begin to adjust for loss trends across all management liability lines.